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KENNADY DIAMONDS INC V.KDI

"Kennady Diamonds Inc. is a Canada-based diamond exploration company. It is engaged in the exploration, discovery, and development of diamond properties in Canada's Northwest Territories."


TSXV:KDI - Post by User

Post by aebestaceyon Sep 23, 2015 1:01am
225 Views
Post# 24127347

KDI UPDATE NEWS ...

KDI UPDATE NEWS ...Newsroom Full Article

Kennady Diamonds Completes Geotechnical Drilling at Kelvin Kimberlite Pipe

September 22, 15 by Danielle Max

(IDEX Online News) – Kennady Diamonds Inc. has announced further drill results from the 100 percent-controlled Kennady North diamond project, located in Canada's Northwest Territories. The company says that infill and geotechnical drilling at the Kelvin kimberlite pipe is now complete.

“The focus of activity has now switched to delineation drilling at the Kelvin North Lobe, where we continue to intercept kimberlite well beyond the current geological model,” said president and CEO Patrick Evans.

“As a result of the success with the two delineation holes…a third delineation hole (KDI-15HQ-059c) is currently being drilled from the same platform. The program is designed to delineate the Kelvin kimberlite to the northwest beyond the current model."

A final Kelvin geotechnical hole, KDI-15-054c, was also completed for a final depth of 451 meters.

“If our drilling at MZ continues to confirm continuity of the MZ kimberlite sheet we expect to be able to delineate significant tonnage. Processing of kimberlite recovered from MZ will assist in understanding both the grade potential and diamond quality. These results are expected before the year-end," he added.

Kennady also reported that it has seven batches of kimberlite core at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council for processing by caustic fusion.

Three batches weighing a total of 7.72 tonnes are from the Kelvin North Lobe; three batches weighing a total of 4.16 tons are from Faraday 2; and one batch weighing 0.55 tons is from Faraday 1. The diamond recovery results from these samples are expected to be released over the balance of the year as each batch is processed.

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